Elon Musk to visit India, ‘looking forward’ to his meeting with Narendra Modi

Tesla chief Elon Musk on Wednesday confirmed he’s ‘wanting ahead’ to meeting Indian PM Narendra Modi throughout his upcoming visit to the nation.

“Looking ahead to meeting with Prime Minister @NarendraModi in India!” Musk posted on X, which can also be owned by him.

The Tesla CEO, nevertheless, didn’t reveal particulars of the visit.

Musk and Modi beforehand met in New York in June 2023.

Over the next months, Tesla has actively tried to pursue India to cut back import duties on electrical automobiles because the nation contemplated establishing a manufacturing unit.

India lately launched a revised EV coverage, slashing import tariffs from 100% to 15 p.c for sure fashions, supplied the producer commits to investing a minimal of USD 500 million and units up a producing facility.

Tesla’s entry into the Indian market coincides with a slowdown in electrical automobile demand in its major markets, particularly the United States and China.

India’s electrical automobile (EV) market is small however has proven a gentle development. Indian auto main Tata Motors dominates the market at current.